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Oct 31, 2013
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if the senate budget, which i think would increase taxes by $1 trillion, president obama got his tax increase on the fiscal cliff deal of 2013 and we increase taxes by $600 billion and now is the time to focus on the other side of the ledger, the spending side and i remain cautious about plans to trade spending reductions as a result of the budget control act for the promise of spending cuts or entitlement reforms at some future date and i will not entertain a so-called balanced plan that punishes small businesses and job creators with higher taxes in exchange for minor entitlement reforms that do not change the deficit or the dutch directory of our country. if we are going to reform entitlement programs to ensure the viability for future generations, we should do just that. ..
if the senate budget, which i think would increase taxes by $1 trillion, president obama got his tax increase on the fiscal cliff deal of 2013 and we increase taxes by $600 billion and now is the time to focus on the other side of the ledger, the spending side and i remain cautious about plans to trade spending reductions as a result of the budget control act for the promise of spending cuts or entitlement reforms at some future date and i will not entertain a so-called balanced plan that...
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Nov 5, 2013
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it will have to be tax cuts. it will be the most progressive tax cuts we have had. there was a fundamental difference between the two parties today, given the influence of the tea party, on the sense of how much do you sacrifice of your own views to keep the government going. within the republican party in the house today, there has been a scary -- >> at the risk of not making my flight, you are absolving the president's role in brokering those bridges -- building those bridges. >> george bush and i are not pals. nt paulson and bernanke up to tell us things were collapsing, -- >> i have two more questions. i'm going to start with barney. >> he can borrow some of my time. >> you are very generous. >> jpmorgan is in the midst of , in $13 billion settlement part related to assets it required -- acquired during the financial crisis. i am curious if your view has changed since we last talked. details that have emerged. whether you think that the government should be fining the company for whatever since happened to those assets during the crisis? >> my view has not chang
it will have to be tax cuts. it will be the most progressive tax cuts we have had. there was a fundamental difference between the two parties today, given the influence of the tea party, on the sense of how much do you sacrifice of your own views to keep the government going. within the republican party in the house today, there has been a scary -- >> at the risk of not making my flight, you are absolving the president's role in brokering those bridges -- building those bridges. >>...
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Oct 31, 2013
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tax loopholes. it also includes smart and targeted spending cuts and it includes $275 billion in entitlement savings. achieved without cutting medicare benefits that seniors have earned and relied upon. the house republican budget has significant cut to benefits and provides economic security to millions of -- excuse me, house republican budget has significant cuts to medicare benefits. those are the very wefts that provide economic security to millions of middle class families and it has zero dollars of revenues which could be used to invest in the essential pillars of economic growth like education, work force readiness, science, research, and innovation. i believe there are significant savings that can be achieved in our health care system without comprising the quality of care and in fact, while improving the quality of care. and without slashing benefits that are senior -- our seniors have worked so hard for and earned. have estimated that we could save $1 trillion per year without affecting he
tax loopholes. it also includes smart and targeted spending cuts and it includes $275 billion in entitlement savings. achieved without cutting medicare benefits that seniors have earned and relied upon. the house republican budget has significant cut to benefits and provides economic security to millions of -- excuse me, house republican budget has significant cuts to medicare benefits. those are the very wefts that provide economic security to millions of middle class families and it has zero...
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Oct 30, 2013
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in housing tax credits. and that was done by some of my democratic colleagues, and i wanted to thank your office for working with us on that. >> thank you. >> thank you and they give back. >> that your number again is the gentleman from wisconsin to mr. duffy, for five minutes. >> thank you, mr. chairman. i want to be clear at the outset that fha has been very helpful in a lot of -- from a lot of my constituents first-time homebuyers, low-income home buyers, to achieve the american dream of homeownership. it has been incredibly helpful for them, so i don't want to underestimate how important the program has been for people who live in central and northern wisconsin. it's been a very helpful program. i think you picked up a little bit of concern on our side of the aisle, and i think our frustration here is that, is that whenever we have testimony, we continually bring up concerns about the capital reserve ratio. it hasn't been met. we are concerned about bailouts. it seems that every time we get testimony fro
in housing tax credits. and that was done by some of my democratic colleagues, and i wanted to thank your office for working with us on that. >> thank you. >> thank you and they give back. >> that your number again is the gentleman from wisconsin to mr. duffy, for five minutes. >> thank you, mr. chairman. i want to be clear at the outset that fha has been very helpful in a lot of -- from a lot of my constituents first-time homebuyers, low-income home buyers, to achieve...
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Oct 30, 2013
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let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both sides of what both parties and both ideas can bring to this discussion, the best of the private sector, the best of the public sector and everything that science and technology and innovation can provide. there's more than $800 billion annually in wasted inefficiency. this is the most inefficient economic system in the world. can't we come together to solve that? use this committee to lead the way and set the example for regular order can provide by challenging everybody to sit down as we have in tax reform and come up with a solutio
let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both...
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Nov 4, 2013
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that tax cut was acu 10-year tax cut. what we did not anticipate of course what happened on september the 11th, 2000 one we basically went from surpluses to deficits overnight. tax cuts remained in effect. i thinkut you're right. there should have been some revisiting of those tax cuts that were in effect but those tax cuts also allowed us to avoid a major recession back in 2001. >> host: you bring up deficits. how much motivation is there right now to get a grand deal done whether in this effort or future effort, with u.s. having just posted its lowest deficits in 2008, is it? >> yeah. yes, john, you're right. we ended up fiscal year that just ended, fiscal year 2013 with a deficit of $680 billion. i believe that the figure was and that was a significant, 30, 40% reduction from the previous year by 1.1 trillion. immediate effect of this, you're absolutely correct by your question is that taking some pressure off, wait a minute, things are improving. yes, they are improving in the near term. i would point out part of the
that tax cut was acu 10-year tax cut. what we did not anticipate of course what happened on september the 11th, 2000 one we basically went from surpluses to deficits overnight. tax cuts remained in effect. i thinkut you're right. there should have been some revisiting of those tax cuts that were in effect but those tax cuts also allowed us to avoid a major recession back in 2001. >> host: you bring up deficits. how much motivation is there right now to get a grand deal done whether in...
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do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr. shock -- schock? >> let's talk about a website that does work. now, ifhouse.gov right you go to whitehouse.gov, health insurance reform a reality check, the headline. you can keep your health insurance if you like it. it is currently on their website. linda douglass of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan if you like it, force you to change doctors. to the contrary, reform will expand your choices, not eliminate them. whitehouse.gov then cites three sources to substantiate their claim. one of them is a blog post by linda
do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr....
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but how does the oil industry keep these seemingly unjustifiable tax breaks alive? the numbers from that story, from the charts. the annual estimated tax breaks for the big five oil companies -- chevron, seven hundred million dollars. exxon mobil $600 million. conoco phillips $600 million. bp 300 million dollars. shell, 200 million dollars. plenty of other charts throughout your story there. we want to bring in vanessa from washington, d.c., calling on our line for republicans. vanessa, we are talking with andy kroll from ""mother jones." think for joining us. vanessa, are you there? lost vanessa. we will go to mark from ocala, florida. good morning. caller: good morning, guys. i like the host and andy, i love your level of enthusiasm for digging out the truth. for bobby kennedy after john was shot. i grew up in a household that listen to martin luther king's speeches live. at age 18 i voted for president carter as a young marine. i could not wait to get on active duty. i was stationed at okinawa. i do have a question for andy. i just wanted to give some background.
but how does the oil industry keep these seemingly unjustifiable tax breaks alive? the numbers from that story, from the charts. the annual estimated tax breaks for the big five oil companies -- chevron, seven hundred million dollars. exxon mobil $600 million. conoco phillips $600 million. bp 300 million dollars. shell, 200 million dollars. plenty of other charts throughout your story there. we want to bring in vanessa from washington, d.c., calling on our line for republicans. vanessa, we are...
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Nov 1, 2013
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the tax payers are here. you stated last month that may be $1.68 billion we heard in 2009 that the fha was stable and sound and secure from the future. so this creates a lot of the concern with american people. it keeps mounting a part of the government that has accrued an enormous amount of debt. the foreign budget writer and paul ryan said the same thing that the steam is out of control and that will collapse like greece. they have said it in many ways. so i would hope that you would share that concern and accountability back to the american people. i think as you spoke to us and appeared before the committee in february, you said then that you tested the financial health of the fha and that right after that the next day the government accountability office the high risk due to the greater of all morality to fraud, waste, abuse and mismanagement are the need for transformation. how do you respond to that? do you understand the impact that you are having whacks and then you would be considered a high-risk ag
the tax payers are here. you stated last month that may be $1.68 billion we heard in 2009 that the fha was stable and sound and secure from the future. so this creates a lot of the concern with american people. it keeps mounting a part of the government that has accrued an enormous amount of debt. the foreign budget writer and paul ryan said the same thing that the steam is out of control and that will collapse like greece. they have said it in many ways. so i would hope that you would share...
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if you really want to know anything about tax forms and 990's i'm your guy and a crash course in tax law and how nonprofit organizations work and how super pacs work. using the federal elections commission as well. as you said there's a lot of mining those sorts of information sources and there's a lot of information on health care. also corporations tell us how they spend their political money where they hide it with a little link on their web site in the bottom left-hand corner so you don't where to find it. there's a lot of a lot of that and as you mentioned as well there's a lot of publishing -- a lot of work in getting your name out there and your e-mail address out there and helping people who care about this issue that are out there will send you information that you can't otherwise get and that you can find it at date of days from nonprofit groups or on a corporations web site and there's also a lot of building up a network of folks here shinkman and elsewhere, sources, who are entrenched in this stuff and you may not want their name attached to it but they will give you the
if you really want to know anything about tax forms and 990's i'm your guy and a crash course in tax law and how nonprofit organizations work and how super pacs work. using the federal elections commission as well. as you said there's a lot of mining those sorts of information sources and there's a lot of information on health care. also corporations tell us how they spend their political money where they hide it with a little link on their web site in the bottom left-hand corner so you don't...
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one of the outcomes of the aca is the excise tax cap that hits in 2018. you can complain as much as you want about the law, but gives you an out as an employer. i've yet to meet an employer is going to pay the 40% excise tax on the system that they already consider efficient. we have established a ceiling that employers are willing to pay. i think what the senator pointed out is that consumers are going to be exposed to more risk. it is going to come in one form or another. when people start to see how much more they're going to have to pay -- there are only two ways for an employer to stay. the unit you have to raise deductibles or out-of-pocket limits. as a general rule of thumb for every dollar you try to stay under in premium, you have to increase maximum exposure to participants by $2. if you're talking about $50 is not a big deal, but if you talk about a thousand dollars that's a huge exposure. if you're a hospital that is a huge exposure and uncollectible debt. the second side is if an employer doesn't do it by increasing exposure to participants,
one of the outcomes of the aca is the excise tax cap that hits in 2018. you can complain as much as you want about the law, but gives you an out as an employer. i've yet to meet an employer is going to pay the 40% excise tax on the system that they already consider efficient. we have established a ceiling that employers are willing to pay. i think what the senator pointed out is that consumers are going to be exposed to more risk. it is going to come in one form or another. when people start to...
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Oct 29, 2013
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about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the cuts the president campaigned on and increase the debt is so outrageous. we hear that the senior senator from new york will soon announce a proposal to give the permanent -- give the president permanent power to borrow more. in other words, he wants to extend the debt ceiling permanently by going around congress. let me repeat that. the so-called schumer-obama plan is a plan to permanently hand the president a credit card without spending limits and without lifting a finger to address the national debt. truly outrageous, especially when you consider that our debt is now
about two-thirds said raising taxes to cut the deficit was a nonstarter. and compared to obamacare, which more voters actually said they wanted to repeal, these levels of support are striking. so if our friends on the other side want to keep trying to claim an electoral mandate for maintaining obamacare contradicted by the facts as that phaoeurbgs while using their own logic we had to call the mandate for reducing the size of government a super mandate. that's why their new plan to undo the...
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they have to roll over their investment in testing into a conflict free account, tax-free transaction. so that excuse which may have motivated some people. i agree 100%. there is a separate problem about what to do about children who are practicing law, and i think the justices have come to understand about that and they have a policy on. i think everybody comfortable because in part there are so many of them that have so many different relatives around that it seems to work tolerably well. >> that seems all too to me but congress also passed another law in 1974 which made it, which illuminated the old rule which was e more to reduce you had to have a substantial financial interest. now it's even one share forces are recusal. that seems to me to be problematic. yes, it would be wonderful if the justices could divest. i agree with judge starr entirely about that but i think congress also bears some responsibility for this. there's a real cost not in just terms of what judge starr talks that went justice lines up refusing to have a full complement hearing the case but it's also the fact
they have to roll over their investment in testing into a conflict free account, tax-free transaction. so that excuse which may have motivated some people. i agree 100%. there is a separate problem about what to do about children who are practicing law, and i think the justices have come to understand about that and they have a policy on. i think everybody comfortable because in part there are so many of them that have so many different relatives around that it seems to work tolerably well....
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on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a part time or a full time employee? what we know about the economic data is the high point of part time workers was in 2008 and 2009 at the height of the last recession. it has been decreasing each and every year. there is no data to support the fact that there is an uptick based on the impending affordable care act. i'm sure that there may be some individual employers making some business decisions about how many workers they want full time and how many part time. but i can tell you there is no economic data or employment data that supports the notion that this is an effective law. >> in fact,
on the other hand, there are now tax credits available for some of the smaller employers who want to offer coverage to actually come into the marketplace. for the other businesses, the businesses hiring 50 or more, there is a standard that says an employee is considered full time if he or she works 30 hours a week. and that really came from a market snapshot with help from the small business administration of where employee benefits were in the private market based on hours of work. what was a...
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we didn't call it a tax but that's a tax you got to pay so that more folks have access? is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual, you know, situation because if they are in a group market where they already had group employers sponsored insurance, that's a different situation. if they are in an individual market, what you can say to them now, they'll have access to health care and now have a competitive market. >> if you're paying -- >> time is expired. >> i appreciate you, thank you. >> thank you, all. this discussion about websites that don't work. let's talk about a website that does. on whitehouse.gov right now, if you go to whitehouse.gov, health insurance reality check, headline, you can keep your health insurance if you like it, currently on their website. linda douglas of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan, if you like it, force you to change doctors, period. to the contrary, reform will expand your choic
we didn't call it a tax but that's a tax you got to pay so that more folks have access? is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual, you know, situation because if they are in a group market where they already had group employers sponsored insurance, that's a different situation. if they are in an individual market, what you can say to them now, they'll have access to health care and now have a competitive market....
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but whether it's rubbing red lights, sloppy preparation on tax returns. [laughter] people do things wrong. then the second thing is that government doesn't always target bad guys for who they think are bad guys for exactly the reasons that you might think; right. al cay -- capone. we do a lot of representation of people interviewed by the fbi. we have some reason to think for national security reasons. a lot of times we see what seems to us, at least, to be -- pretext yule. an investigation that has a national security agent on it results in an immigration charge or deportation proceeding or even some charge related to practice of business. the idea if somebody gets in their head the idea you're doing something wrong that can create a real problem. with secret information. or, you know, abuses throughout history. richard nixon or fhfa los angeles there was a public disorder intelligence which compiled a lot of information and used it for political purposes. it's often information that is collected for law enforcement and security purpose often used on pol
but whether it's rubbing red lights, sloppy preparation on tax returns. [laughter] people do things wrong. then the second thing is that government doesn't always target bad guys for who they think are bad guys for exactly the reasons that you might think; right. al cay -- capone. we do a lot of representation of people interviewed by the fbi. we have some reason to think for national security reasons. a lot of times we see what seems to us, at least, to be -- pretext yule. an investigation...
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the premiums for coverage were lower than expected, and millions of americans will qualify for tax credits to make coverage more affordable. we know that consumers are eager to purchase the coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in health care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed, and we are working around the clock to deliver the shopping experience that you deserve. we are seeing improvements each week, and by the end of novak djokovic, the experience on the site will be smooth for users. >> tomorrow, health and human services secretary will be on capitol hill to testify about problems with the healthcare.gov website and the implementation of the affordable care act. you can watch live coverage of the house energy and commerce committee hearing beginning at 9 a.m. eastern time on c-span3 and c-span.org. >> welcome to the montana state capitol. this building
the premiums for coverage were lower than expected, and millions of americans will qualify for tax credits to make coverage more affordable. we know that consumers are eager to purchase the coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in health care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can...
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that's why tax-cut justified killing an officer. indiana flipside around and basically encourages us to talk about public policy to take an officer's life unless u.s. citizen belief that officer was following -- a horse in the scope of employment. again, that is craziness. >> so police officers feel these last may in effect represent a threat to them? >> for both a threat to them they might be serving a search warrant going into a home, with their plainclothes, nonuniform. i believe the georgia cases directly on point with that one. the requirement is to be actual knowledge instead of an officer doing their job. that's a problem for police officers. officers don't know what to do when you have a statute that is you can't arrest, you're supposed to investigate. what does that? >> you see up well in your testimony when you say prosecutors and a quarter of prosecutors, judges, police officers and the very citizens have been left to guess what behavior is legal and what is criminal, which i think is the point about ambiguity. >> and the
that's why tax-cut justified killing an officer. indiana flipside around and basically encourages us to talk about public policy to take an officer's life unless u.s. citizen belief that officer was following -- a horse in the scope of employment. again, that is craziness. >> so police officers feel these last may in effect represent a threat to them? >> for both a threat to them they might be serving a search warrant going into a home, with their plainclothes, nonuniform. i believe...
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we want to raise taxes. we are openly about demanding increases in taxes to fund whatever it is we want to spend here. is there any waste, abuse in this government? there absolutely is. look at this chart. senator durbin is on the judiciary committee. he's been involved in this. he knows these numbers. there's nothing phony about what i'm showing you today. it's absolute fact. total appeals filed per active judge -- these are the judges on the court today. the d.c. circuit has eight judges. they have eight judges. per judge, the case, appeals that are filed to their court in the d.c. circuit is 149. that's -- and the average per circuit judge in america is 383. the average is two and a half times that number. we do not need to fill these slots. look at the 11th circuit. they have vacancies, but at this point they're doing almost 800 cases per judge per year. think about that. the second circuit. that's manhattan. that's a very important circuit with very complex cases. two and a half times -- more than two a
we want to raise taxes. we are openly about demanding increases in taxes to fund whatever it is we want to spend here. is there any waste, abuse in this government? there absolutely is. look at this chart. senator durbin is on the judiciary committee. he's been involved in this. he knows these numbers. there's nothing phony about what i'm showing you today. it's absolute fact. total appeals filed per active judge -- these are the judges on the court today. the d.c. circuit has eight judges....
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that's what tax reform can do. it can help america overcome the competitiveness crisis driving businesses and jobs overseas. this crisis, this competitiveness crisis was made very clear in a harvard business school study last year. with the sobering title "prosperity at risk." this in-depth report examined the risks that threaten competitiveness in the global marketplace and looked at what action we can take in the united states to restore our country's economic vitality. harvard business school surveyed 10,000 graduates who conduct business worldwide. they asked about the challenges of doing business in america. these individuals are leaders, leaders on their front lines of the global economy, c.e.o.'s and business owners and presidents. they are personally involved in decisions about whether to hire, where to locate, and which markets to serve. and, unfortunately, these business leaders are pessimistic about america's economic future. they think america's prosperity or success, our growth and economic status is a
that's what tax reform can do. it can help america overcome the competitiveness crisis driving businesses and jobs overseas. this crisis, this competitiveness crisis was made very clear in a harvard business school study last year. with the sobering title "prosperity at risk." this in-depth report examined the risks that threaten competitiveness in the global marketplace and looked at what action we can take in the united states to restore our country's economic vitality. harvard...